The FDIC, the Federal Reserve, the OCC and the National Credit Union Administration requested comment on a proposed rulemaking to align their AML compliance program requirements "with changes that are being concurrently proposed by the [FinCEN]" pursuant to the Anti-Money Laundering Act of 2020.

The FDIC approved a final rule that would impact resolution plan filing requirements for insured depository institutions. The FDIC lowered the threshold that would apply to the filing of resolution plan information to institutions with $50 billion in assets. The prior threshold was $100 billion.

A public company settled SEC charges for failing to maintain effective disclosure controls and procedures and internal accounting controls related to a cybersecurity incident.

The Office of the Comptroller of the Currency reviewed key risks facing the federal banking system.

Having explored Europe we now look at Asia where artificial intelligence has been all the rage for some time in Hong Kong and Singapore, and the demand for hardware to power this technology is massive.